P 15 11--T 00 8 A IB 5 CID E 7 F G 15 30 S If a price ceiling is set at $8 in the market shown in the graph, which area(s) would represent deadweight loss?
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- Price $6.00 $8.00 $10.0 $4.00 $20 18 16- 14 12 10- 8 6- 4- 2 0 10 20 30 40 50 60 70 80 90 Dafter Tax D Quantity Refer to the figure above. What is the share of the tax burden per unit that sellers would pay?Price ($) 34 32 30 28 26 24 28864 NO 22 20 18 16 14 12 10 864 2 1 2 3 4 5 S D 678 9 10 11 12 13 14 15 16 17 Quantity Suppose an $8 tax is imposed on sellers in the market shown in the graph. What is the tax-inclusive price paid by the buyers as a result of this tax?There are a variety of taxes that a person pays when buying an airline ticket. One tax is called the LUST fuel tax. LUST stands for leaking underground storage tank. The LUST tax is to establish a trust fund to provide money for oversight and corrective action against owners of leaking underground storage tanks and provides money for cleanup of LUST sites where the owner or operator is unknown. Is it efficient for customer’s of airlines to beforced to pay the tax?
- 1) Consider a market where the demand and supply for a particular good is as shown below: P (TL/unit) 210900 7610 32- 12 11 8 5 1 2 3 4 5 6 7 8 9 101112 Q (units/day) a. Find the (own-price) elasticity of supply at the price of 5 TL/unit. b. If the government imposed a price ceiling of 3 TL/unit, what would the equilib- rium price and the equilibrium quantity be? What would the consumers' surplus, producers' surplus, and dead-weight loss be under this policy? c. If the government imposed a tax at the rate of 3 TL/unit on the consumer what would the equilibrium price that the consumers face be? What would the equilib- rium price that the producers face be? What is the quantity traded at equilibrium? What is the consumers' surplus, producers' surplus and the dead-weight loss under this policy? d. Is there a government policy that, under this policy the quantity traded, at equilib- rium, would be 7 units/day? If there is such a policy, be specific about the policy stating all the…A religious group engaged in the sale of bibles and other religious articles was required to pay taxes on thesales of such merchandise. Is the imposition of the tax valid?Price $20 18 16 14 12 10 8 4 2 Dar San 10 20 30 40 50 60 70 80 90 Quantity o The amount of the tax per unit is
- 个 Ticket Price 30- 28- 26- 24- 22- 20 18- 16- 14- 12- 10- 8- 1400 2800 4200 Number of Tickets Sold 5600 With this price control in effect: What would be the market price?$ 7000 4Question 6 Figure 8-3 Price ww P₂ P₁ 0 -Tax- P3ACP1 ABC P2DAP3 A P1CDP2 9₁ Refer to Figure 8-3. What area represents the amount of tax revenue received by the government? B 92 QuantityWhat is the deadweight loss if there is an $8 price floor? Price of asparagus (S/pound) 4500 6000 1500 6500 O 1000 $10 9 8 7 6 5. 4- 3- 2- 1 S D 0 1 2 3 4 5 6 7 8 9 10 Quantity of asparagus (1,000s of pounds)
- Price Amount Requested (Unit) Amount Offered (Unit) (IDR) 2400 120 180 2000 160 150 Based on the demand function and supply function that you got in question number 1 above, determine the new market equilibrium point if the government imposes a perunit sales tax (fixed tax) on the goods "X" of Rp. 100 / unit. How much is the tax burden borne by consumers and the tax burden borne by producers, and how much is the government tax revenue$12 10 4500 5000 Quantity Consider the impact of a tax on sellers, shown in this diagram of the market for whiskey. In this case, the buyers' total share is and the sellers' total share is $500; $500 $6750; $6750 $9000; $450O None of the above are correct.The graph below represents the market for tubs of yoghurt. Answer the following questions assuming a positive per-unit tax is placed on tubs of yoghurt. P S 8.50 8 5.50 25 (a) The per-unit tax is placed on 50 55 (b) The size of the tax is $ [Select] [Select] Buyers that sellers receive after the tax is $ [Select] 80 85 (c) The price that buyers pay after the tax is $ [Select] (d) The quantity traded with the tax in place is receive $ [Select] (e) After the tax, buyers will pay $ [Select] relatively more [Select] (f) In the end, buyers pay [Select] D2 Q [Select] ✓ relative to the quantity traded without tax. per tub. ✓ less per tub. per tub. than sellers. per tub. The price tubs leading to more per tub. Sellers will because their demand curve is
